Rehab Abandon Factory Steps
Hello,
I have completed a couple flips and rehabbed a multi-family and am now setting my sights on a local abandoned factory.I understand this is a different kind of animal and am looking for guidance in this process.I have already gained legal permission to do due-diligence on the property owner,completed a Phase I study, have preliminary drawing to meet local zoning board requirements, and have the Town Economic Developer on-board.However, I wonder if my effort has been in vain as I am not sure if the rents would cover the cost of construction expenses.For this kind of project, should I have gotten a feasibility study done first? As when I have had GC’s come down, I have not been able to get consistent feedback.Can anyone recommend a series of steps I should follow in this kind of effort?